Company name change to Amaroq Ltd.

TORONTO, ONTARIO - 08 July, 2025 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development corporation focused on unlocking Greenland’s mineral potential, announces that, following shareholder approval of a special resolution at Amaroq’s annual general and special meeting held on June 13, 2025 to change the name of the Company, it plans to file Articles of Amendment to change its name to Amaroq Ltd. on July 14, 2025. The name change will be effective July 15, 2025 and is subject to acceptance from the TSX Venture Exchange.

Effective at the start of trading on or about July 17, 2025, the Company will commence trading under the new name on the TSX Venture Exchange, AIM, NASDAQ Iceland and OCTQX.

The Company will continue to trade under the ticker symbol "AMRQ" on TSX Venture Exchange, AIM, NASDAQ, as well as “AMRQF” on the OTCQX.

The new CUSIP number is 02311U103 and the new ISIN for the common shares is CA02311U1030.

The ISIN for Icelandic Depositary Receipts (IDRs) traded on Nasdaq Iceland remains IS0000034569.

There is no consolidation of share capital. Shareholders are not required to change their existing share certificates for new certificates bearing the new company name and Company shares held electronically will be booked electronically. The name change does not affect the rights of the Company's shareholders, and no further action is required by existing shareholders with respect to the name change.

Amaroq Minerals Ltd.

Eldur Olafsson, Executive Director and CEO

Ed Westropp, Head of BD and Corporate Affairs

Eddie Wyvill, Corporate Development

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)

Scott Mathieson

Nikhil Varghese

Canaccord Genuity Limited (Corporate Broker)

James Asensio

Harry Rees

Camarco (Financial PR)

Billy Clegg

Elfie Kent

Fergus Young

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